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Maiden Holdings North America Ltd, 7.75% Notes due 12/1/2043
Ticker Symbol: MHNC CUSIP: 56029Q408 Previous CUSIP: Exchange: NYSE
QUANTUMONLINE.COM SECURITY DESCRIPTION: Maiden Holdings North America Ltd, 7.75% Notes due 2043, issued in $25 denominations, redeemable at the issuer's option on or after 12/1/2018 at $25 per note plus accrued and unpaid interest, and maturing 12/1/2043. Interest distributions of 7.75% per annum ($1.9375 per annum or $0.484375 per quarter) will be paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the record date that will be 2/15, 5/15, 8/15 & 11/15 respectively (NOTE: the ex-dividend date is one business day prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. This security was rated as BBB- by S&P at the date of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Goto Parent Company's Record (MHLD)
IPO - 11/18/2013 - 6.10 Million Notes @ $25.00 /note.
Link to IPO Prospectus
Changed: 1/01/00
Changed: 1/01/00
Market Value $ Million
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Company's Online Information Links
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Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Foreign Address and Phone Numbers |
Address: 94 Pitts Bay Road, Pembroke, HM 08 Bermuda |
Main Phone Number |
441-298-4900 |
Inv Rel Phone Number
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441-298-4927 |
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